This paper provides a structural empirical analysis of Dutch auctions of houseplants at the flower auction in Aalsmeer …, the Netherlands. The data set is unique for Dutch auctions in the sense that it includes observations of all losing bids … auction participants, and as such these data are collectible due to neurological constraints on information processing. The …

We propose a basic theoretical model of eBay’s reputation mechanism, derive a series of implications and empirically … receives a negative rating for the first time his reputation decreases and so does his effort level. This implies a decline in … sales and sale price; and an increase in the rate of arrival of subsequent negative feedback. Our model also suggests that …

on all dimensions of the good (price, level of non monetary attributes), and these are evaluated using a scoring rule. We …

a royalty based on the resale price of an original work of art. This paper provides an empirical analysis of actual … changes in the UK auction market for art that is subject to the Droit de Suite (DDS), relative to changes for art not subject … to the DDS, and also relative to changes in the auction markets for art in countries where there has been no change in …

. For any number of objects and bidders, both the pure bundling auction and separate, efficient auctions for the single … objects are revenue-inferior to an auction that involves mixed bundling. …

This paper considers price determination by monopolistic sellers who know the distribution of valuations among the … potential buyers. We derive a novel condition under which the optimal price set by the monopolist is unique. In many settings … carry over to the optimal minimum price in independent private value auctions. In addition, they can be fruitfully applied …

The experimental literature has documented that there is overbidding in second-price auctions, regardless of bidders …' valuations. In contrast, in first-price auctions there tends to be overbidding for large valuations, but underbidding for small … valuations. We show that the experimental evidence can be explained by a simple extension of the standard auction model, where …

This paper provides an elementary, non-technical, survey of auction theory, by introducing and describing some of the …